If Duration Is In A Bubble, Where Can Investors Hide?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 9 March 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Mar8, 2021. As treasury yields continued their ascent today, big tech stocks such as Alphabet Inc ($GOOGL) and Apple Inc ($AAPL) joined growthy darlings such as Tesla, Zoom, and Peloton in today’s sell-off with the NASDAQ 100 closing today down 11% from its highs. Real Vision editor Jack Farley welcomes Tyler Neville, senior editor of Blockworks, to break down the ongoing rout from growth stocks. Neville shares how he thinks this “bubble in duration” will end, where he sees opportunity in going short GameStop puts, and why he remains extremely bullish on Bitcoin. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	As bond yields continued their ascent today, growthee tech stocks yet again took it on
0:16.1	the chin, with the Nasdaq down 11% from its February highs.
0:20.0	Next, clean up on IL-LQD, a prominent investment grade bond ETF, sheds over 800 million in outflows.
0:27.4	Then, if the duration bubble is popping, where can investors hide?
0:31.5	Meanwhile, GameStop is back over $200.
0:33.6	What in the world is going on with that?
0:35.4	For all of this and more, I'm joined by Tyler Neville.
0:38.1	Tyler, welcome back to the daily briefing.
0:40.3	How are you doing?
0:41.9	Jack, I'm doing great, man.
0:43.4	I'm finally in the clear in Austin and took a shower.
0:47.5	So I'm a little bit more clean cut this time.
0:51.2	Yeah, yeah, I'm glad for it.
0:52.8	You came on with Ed in the middle of the storm.
0:56.4	People are really impressed with your thinking.
0:59.3	How is your thinking evolved on the market?
1:01.5	Since then, we've seen an acceleration in the rotation, not just from growth to value,
1:06.9	but from, let's say, long duration to short duration.
1:09.7	That happened in the equity markets as well as within the credit markets.
1:13.2	Today, the 10-year continued to rise almost three basis points.
1:18.1	It's now above, firmly above the 1.6% level.
1:22.5	How are you thinking about this rotation as rates continue to rise?
	...

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